question archive Pangbourne Whitchurch has preferred stock outstanding
Pangbourne Whitchurch has preferred stock outstanding
Subject:FinancePrice: Bought3
Pangbourne Whitchurch has preferred stock outstanding. The stock pays a dividend of $8 per share, and sells for $50. The corporate tax rate is 21%. What is the percentage cost of the preferred stock? (Enter your answer as a whole percent.)
Cost of preferred stock _____%
